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Politics

Fresh Donor Report Foreshadows Biden’s 2024 Campaign Troubles

via PBS NewsHour

President Biden and former President Trump are employing different fundraising strategies ahead of the 2024 election.

Biden has received large donations from corporations and PACs, but is struggling with small donations.

Over a third of his funds come from big donors, under 40% from small donors. In contrast, over 60% of Trump’s funds come from small donations, under 10% from big donors.

Biden recently held a high-dollar fundraiser with Clinton and Obama that raised $26 million, drawing protests outside over his Israel policy.

Trump recently met billionaire donors like Elon Musk seeking donations, though Musk denies plans to donate large sums currently.

The RNC has posted strong fundraising under new leadership, hoping a surge continues to aid Trump.

The figures show the candidates adopting opposing approaches to campaign financing.

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